IONChain, blockchain for IoT.

miyexi (77)in #crypto • 5 years ago (edited)

IONChain is a blockchain backbone network that works for the IoT, functional and from the ionization term.

If we go to the history we can know of the famous of Swedish origin that I leave as an affirmation that equally that the molecules and the atoms, also the ions are basic particles of the matter. In the same way as ions, IONChain becomes the link between IoT devices.

IoT (Internet of things)

IONChain will provide support for the best decentralized interaction between devices in peer-to-peer applications.

This IoT infrastructure has as objectives to solve problems such as;

Data security.
Circulation of data.
Share data.

IONChain.

It is a non-profit foundation, this was founded in early 2018 in Singapore. It will make the communication parameters regardless of the device used are equal regardless of their use. By giving standardization to the way you interpret the data, this will provide a means to implement your vision; "A device, a coin, a code".

The IONChain ecosystem improve the way smart devices are used and communicate with each other.

IONChain allows the devices to work together, through the intrinsically decentralized architecture using a universal standard, this is very helpful for edge computing applications.

The computer market is big and the wave of global technology, the internet and the following computers. What is expected is that there is a significant growth of devices with IoT software.

But what really makes you think is the security and the true protection of privacy is one of the most serious issues that give concern to face the future of the industry that come to be one of the targets of attacks and fraud.

IONChain will provide the security and stability of the integration of devices worldwide, obtaining better response for broadband management.

One device, One code, One coin.

IONChain has the vision of the integration of devices of different types, allowing them to work together giving use to a universal standard, thanks to the intrinsically architecture of the de-Çcentralized blockchain, which is ideal for edge applications.

Each device in your IoT network could be a miner thanks to the ionization algorithm of IONChain, by means of the system the rewards will be calculated with precision of the functions performed such as data volume, time, space, among others.

The generalized vision of the future is to make associations with the global manufacturers and to give integration to the identification codes used in the intelligent devices. In this way, it will act as an identifier in the IONChain network, thus allowing the devices to be safer, unique and standardized, in combination with IONChain you can have results; data conversion, data processing, data packaging tools and nodes for your IoT backbone.

Generation of IONChain value.

We can see below four main categories for the value generator process;

Generation of value:
All the information in each device is processed and stored in each intelligent device individually, the data becomes standard format and that data passes to the value verification.

Verification of value:
Through a consensus PoW / PoS mechanism exclusive to IONChain the data is processed.
Value evaluation:
the data is verified, authenticated and protected from double-spending attacks.
Value confirmation:
This is where the data is confirmed, and IONC is generated!

IONChain value transfer

The process that comes from the generation of value can be divided into six following layers:

Application layer
Service layer
Protocol layer
Smart contract layer
Blockchain layer
Data storage layer

Token of IONChain.

It has many different ways to be used on IoT; Miners can be rewarded, users can have the opportunity to be elected as members of the IONchain board, compensation for the intelligent calculation of contracts and the deployment of DAPP, settlement of transaction fees, rewards for connecting other ION nodes, among others.

It is very strong and highly resistant to dynamic and variable network failures and vectors of attacks that come with bad intent. You need a good PoS practicality and the PoW strength for the creation of a true hybrid that gives the separation of the verification. and the transfer of value so that both can have a development with a very excellent security and speed.

IONChain team.

The great team is made up of developers who have worked on projects of great magnitude such as Hyperledger. For the participation of the community, the ICO was a voluntary approach to participation, the project obtained great interest from the main private investment funds, such as LD Capital, Node Capital, Hashlink Capital and IBC Blockchain Capital.